If you’re looking for a used car or truck in Canada you’re not alone. Of course, buying new is nice. You get that new car smell and assurance that no one else has done any damage to the vehicle that may have been missed by an inspection. You also get the warranty from day 1.
Having said that, the quality of vehicles has improved so much in the last decade that buying used is often the smart choice. First of all, you save on the depreciation you get as soon as a new vehicle is driven off the lot.
It also means that you may now be able to afford the vehicle of your dreams – something not possible if you were to buy it new. Some dealerships offer certified pre-owned programs that offer greater peace of mind. These include luxury brands like Lexus and Mercedes-Benz.
You will also have a greater choice of vehicle models by buying used. In some cases you may find a vehicle you like that has had a model year change. You may actually prefer the older model look and drive and can get a better deal on these when the new one comes in. An example is the Ford Escape 2013. That year sees a new style introduction that many people don’t like as much as the 2012 version. You can grab a 2012 or 2011 version for a good price – perhaps even better due to the launch of the new version.
Are you making a private purchase? Before handing over your cash make sure that you get the car checked out by a reputable mechanic. This is one advantage of dealing with a reputable dealer. They have a reputation to maintain, and usually back their vehicle sale with support. You have more protection by dealing with them in the event of problems arising with the vehicle. At least you know where to find them, which you probably can’t say about the seller in a private deal.
Car dealers also have financing ‘in-house’, which can make the purchase experience much more pleasant and you can check them out online to see what kind of experience other buyers have had with them. Also remember, you can check with your local BBB to see if there have been any unresolved complaints against them.
Buying a used vehicle can be a smart option. As in anything, do your homework on the particular model you are considering at to see how it has held up over time. The internet is a great place to start. If you are looking at a dealer, check their online reviews. Ask lots of questions of the seller, and don’t rush the purchase decision. There are lots of vehicles out there if this one gets away.